SusGlobal Energy Corp. - Exhibit 10.7 - Filed by newsfilecorp.com






COMMERCIAL LEASE 

Made the 1st day of January, 2016 

BETWEEN 

HAUTE INC. 

A Corporation incorporated pursuant to
the laws of the Province of Ontario 

(the “Landlord”)

                                     
-and- 

SUSGLOBAL ENERGY CORP. 

A Corporation incorporated pursuant to
the laws of the Province of Ontario 

(the “Tenant”) 

In consideration of the rents, covenants and obligations
stipulated herein the Landlord and the Tenant have agreed to enter into a Lease,
the premises located at and known municipally as 200 Davenport Road, Toronto
Ontario, as more particularly described herein (the “Premises”). 

1. GRANT OF LEASE 

	(1) 	
      The Landlord leases the Premises to the Tenant:

	 	 	 
		(a) 	
      at the Rent set forth in Section 2:

	 	 	 
		(b) 	
      for the Term set forth in Section 3: and

	 	 	 
		(c) 	
      subject to the conditions and in accordance with the
      covenants, obligations and agreements herein.




	(2) 	
      The Landlord covenants that it has the right to grant the
      leasehold interest in the Premises free from encumbrances except as
      disclosed on title.



2. RENT 

	(1) 	
      The Tenant covenants to pay to the Landlord, during the
      TERM of this Lease Gross Rent as Follows:



The sum of FORTY-TWO THOUSAND
DOLLARS ($42,000.00) per annum, payable monthly in advance in equal
installments of THREE THOUSAND FIVE HUNDRED DOLLARS ($3,500.00) on the
1st day of each and every month, commencing on the first day of the
Term as Basic Rent. Basic Rent shall be subject to H.S.T. 

The Tenant shall provide the Landlord
with the sum of SEVEN THOUSAND DOLLARS ($7,000.00) on account of first
and last months’ Basic Rent for the Premises plus H.S.T upon the signing of this
Lease. The Tenant shall also provide the Landlord with Ten (10) post-dated
cheques in the sum of THREE THOUSAND NINE HUNDRED AND FIFTY-FIVE
DOLLARS ($3,955.00) each prior to the commencement of the Term. 

3. TERM, POSSESSION and RENEWAL 

(1)      The Tenant shall have
possession of the Premises for a period of One (1) year commencing on the
1st day of January, 2016, and ending on the 31st day of
December, 2016 (the “Term”).




4. TERMINATION AT END OF TERM 

           
If the Tenant remains in possession of the Premises after termination of this
Lease as aforesaid and if the Landlord then accepts rent for the Premises from
the Tenant, it is agreed that such overholding by the Tenant and acceptance of
Rent by the Landlord shall create a monthly tenancy only but the tenancy shall
remain subject to all the terms and conditions of this Lease except those
regarding the Term. 

5. NOTICE 

(1)      Any notice required or
permitted to be given by one party to the other pursuant to the terms of this
Lease may be given to the Landlord at the Premises and to the Tenant at the
Premises. 

(2)      The above addresses may be
changed at any time by providing written notice to the other party. 

(3)      Any notice given by one party
to the other in accordance with the provision of this Lease shall be deemed
conclusively to have been received on the date delivered if the notice is served
personally or seventy-two (72) hours after mailing if the notice is mailed. 

6. REGISTRATION 

           
The Tenant shall not at any time register notice of or a copy of this Lease on
title to the property of which the Premises form part without consent of the
Landlord. 

7. INTERPRETATION 

(1)      The words importing the
singular number only shall include the plural, and vice versa, and words
importing the masculine gender shall include the feminine gender, and words
importing persons shall include firms and corporations and vice versa. 

(2)      Unless the context otherwise
requires, the word “Landlord” and the word “Tenant” wherever used herein shall
be construed to include the executors, administrators, successors and assigns of
the Landlord and Tenant, respectively. 

(3)      When there are two or more
Tenants bound by the same covenants herein contained, their obligations shall be
joint and several.

(4)      This Lease constitutes the
entire agreement between the parties pertaining to the subject matter of this
Lease and supersedes all prior agreements, offers to lease, understandings,
negotiations and discussions, whether oral or written, of the parties. This
Lease may not be modified or amended except pursuant to an agreement in writing
executed by the Landlord and the Tenant. There are no representations,
warranties, covenants, inducements, conditions or other agreements, whether oral
or written, express or implied, forming part of or in any way affecting or
relating to this Lease except as expressly set out in this Lease. Without
limiting the generality of the foregoing, the Tenant specifically acknowledges
and agrees that the landlord has not made any representations or warranties to
the Tenant regarding whether the Tenant’s intended use of the Premises is
permitted by the applicable zoning, the Tenant having independently satisfied
itself with respect to this matter prior to signing this Lease. All
representations, warranties, covenants, inducements, conditions and other
agreements made by either party or their representatives which are relied upon
by the other party are contained in this Lease and each party disclaims reliance
on any representations, warranties, covenants, inducements, conditions or
agreements. 

Signatures on following page. 




      
     In Witness of the foregoing covenants the Landlord
and the Tenant have executed this Lease. 

Witness 

	 	LANDLORD 
	 	 
	 	HAUTE INC. 
	 	 
	 	  
	 	Per: /s/ Marc Hazout                                 
    
	 	 
	 	MARC HAZOUT-President 
	 	 
	 	I have the authority to bind the Corporation
  
	 	 
	 	  
	 	TENANT 
	 	 
	 	SUSGLOBAL ENERGY CORP. 
	 	 
	 	  
	 	Per: ___________________________
	 	 
	 	Name: 
	 	 
	 	Title: 
	 	 
	 	I have authority to bind the Corporation